The euro broke through 1.2 for the first time, with Trump's speech triggering massive stop-loss orders.

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According to ME News, on January 28 (UTC+8), earlier signals from US President Trump regarding a weaker dollar caused a large-scale stop-loss in the EUR/USD exchange rate, briefly breaking through the 1.2 level to reach 1.2068. This is the first time this has happened since June 2021. Trump has long hinted at supporting a weaker dollar to improve export competitiveness. (Source: ME)

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